While trading on Forex, many traders don’t use take profit, preferring to close orders manually or to wait,
while the market closes it by itself with the stop out. However, take profit is quite useful instrument,
especially in case trader, due to some reasons, has no ability to control the order during all the time. In
this case take profit is very useful.
Fibonacci instruments are very popular among the traders on the currency market. The developments of the
famed Italian mathematician are widely used for analysis on the fond and trade markets, as well as on the
Forex market. Fibonacci has come to the sequence, in which every next number is the sum of the two previous
ones – 2, 3, 5, 8… Noteworthy, in case you divide practically any number from...
Successful trading on the Forex market includes three components. First – a trading strategy that the trader
uses, second depends on how he manages his capital and the last part is trader's ability to follow the
rules, chosen by him, e.i. discipline.
Each trader should use the money management. The trader must be clear about the rules of opening and closing
positions for a successful application of the money management methods and...
You may notice the phrase "margin trading" quite often in the financial world. It comes from the word
margin – the pledge, which trader provides to the broker for the financial operation. Margin could be
different, depending on the type of the asset and the broker's conditions. For example, for some liquid
assets margin may be only 1–2%. This means...
Technical analysis is the forecasting of the future price movement based on the analysis of its past behaviour.
Technical analysis helps trader find the correct solution: when to open a buy or sell position, and when to close it.
The research of technical analysts is based on the price and on what is happening on the chart.